Tim Tam’s Global Expansion Gets $45 Million Sweetener

Support will refinance $1.75 billion in debt maturing in 2026 and back Arnott’s growth plans.
Tim Tam’s Global Expansion Gets $45 Million Sweetener
Tim Tams are seen during Vox Media's 2022 Code Conference - Day 2 in Beverly Hills, Calif., on Sept. 7, 2022. Randy Shropshire/Getty Images for Vox Media
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Australia’s National Reconstruction Fund Corporation (NRFC) has provided a $45 million (US$30 million) loan to the Arnott’s Group, positioning the country’s most famous biscuit to scale up exports and accelerate its global ambitions.

The funding will support the refinancing of $1.75 billion in existing debt maturing in 2026 and is tied to what Arnott’s has described as “planned future growth capital expenditure.”

Naziya Alvi Rahman
Naziya Alvi Rahman
Author
Naziya Alvi Rahman is a Canberra-based journalist who covers political issues in Australia. She can be reached at [email protected].